Paola, KS Cost Of Living

Paola cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Paola	Kansas	National
Cost of living index	88	89	100
Index	Paola	Kansas	National
Goods & Services index	98	95	100
Groceries index	101	94	100
Health care index	99	95	100
Housing index	72	76	100
Transportation index	95	93	100
Utilities index	77	98	100

A general overview of the cost of living index for Paola, KS is displayed above. In Paola, KS, the overall cost of living index is 88, which is 2% lower than the Kansas average and 12% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Paola, KS, the city's goods and services are 2% higher than the Kansas average and 3% lower than the U.S. average.

Did you know?

The cost of living in Paola is 2% lower than the Kansas average.
The cost of living in Paola is 12% lower than the national average.
The cost of housing in Paola is 28% lower than the national average.
Kansas general sales tax is 28% higher than the national average.
Kansas state income tax is 30% higher than the national average.

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is used in order to provide a comparison of your current salary in Paola, KS to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Paola, KS, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Paola, KS salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$73,103	$6,092	$1,706	$2,193
Renters	$17,057	$1,421	$398	$512

One can approximate the cost of living and the housing affordability in Paola, KS by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Paola, KS have a median income of $73,103. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,706 per month to avoid calamity and poverty. The renters in the city have an income of about $17,057, which would make their monthly maximum allowable rental costs $398.

Kansas Sales Tax

State	General Sales Tax	With Max Surtax
Kansas	6.5%	10.15%

Kansas Income Tax

State	Income Tax (Low)	Income Tax (High)
Kansas	2.9%	5.2%

The Kansas sales tax and Kansas income tax rates should definitely be considered when determining the overall cost of living in Paola, KS. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Kansas sales tax is 6.5% and the maximum surtax is 10.15%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Kansas income tax rates range from 2.9% to 5.2%.

Goods & Services

Item	Paola	National avg.	Difference
Haircut	$15.70	$16.09	2.4%
Beauty Salon	$29.57	$37.33	20.8%
Toothpaste	$2.07	$2.45	15.6%
Shampoo	$0.91	$1.00	9.0%
Movie	$9.55	$10.28	7.1%
Bowling	$4.27	$4.93	13.4%

Groceries

Item	Paola	National avg.	Difference
Ground Beef	$4.10	$3.80	7.9%
Fried Chicken	$1.62	$1.40	15.7%
Milk	$2.27	$2.01	12.9%
Potatoes	$2.93	$3.01	2.6%
Pizza	$9.66	$9.89	2.3%
Beer	$8.31	$8.90	6.6%

Health Care

Item	Paola	National avg.	Difference
Optometrist	$98.24	$102.16	3.8%
Doctor	$99.13	$108.36	8.5%
Dentist	$97.70	$92.53	5.6%
Ibuprofen	$9.17	$9.28	1.2%
Lipitor	$417.55	$425.82	1.9%

Housing

Item	Paola	National avg.	Difference
Home Price	$117,900.00	$184,700.00	36.2%
Avg. Mortgage Payment	$943.18	$1,202.44	21.6%
Apartment Rent	$851.00	$949.00	10.3%

Transportation

Item	Paola	National avg.	Difference
Gasoline	$2.13	$2.24	5.1%
Tire Balancing	$44.23	$46.29	4.4%

Utilities

Item	Paola	National avg.	Difference
All Electricity	$153.86	$165.96	7.3%
Phone	$16.67	$28.68	41.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Merwin, MO	27	70	-30%
Greeley, KS	290	83	-17%
Lane, KS	290	84	-16%
Rantoul, KS	129	84	-16%
Bucyrus, KS	276	81	-19%
Paola, KS	5,583	88	-12%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Rolesville, NC	5,583	107	7%
Eucalyptus Hills, CA	5,583	143	43%
Okeechobee, FL	5,582	91	-9%
Lecanto, FL	5,582	94	-6%
Ettrick, VA	5,586	94	-6%
Paola, KS	5,583	88	-12%

Source: The Paola, KS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Paola, KS Cost of Living